Organizations Must Apply Income to Charitable Activities to Retain Tax-Exempt Status u/ss 12A/12AA and 11(1.

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....Cancellation of registration u/s 12A/12AA - Exemption u/s. 11(1) is only upon the application of income for charitable purpose/s, so that it is only where so applied, reading the term 'charitable purpose' as per the extant law, that it could be allowed. - AT....